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As someone who contributed to the narrative that [social tokens = community + personal tokens], here's a reply thread to Mark's point around common mission vs personal enrichment.
TLDR: All tokens eventually become community tokens.
The only difference is _how_ they achieve it https://twitter.com/MarkBeylin/status/1325890026983600128
TLDR: All tokens eventually become community tokens.
The only difference is _how_ they achieve it https://twitter.com/MarkBeylin/status/1325890026983600128
For personal tokens, it starts with someone people can relate to. An audience. This is willingly a distribution edge.
*LATER*, once enough outreach is made and your Gini coefficient <1, your holders organically become contributors & eventually form a community. Incentives 101.
*LATER*, once enough outreach is made and your Gini coefficient <1, your holders organically become contributors & eventually form a community. Incentives 101.
In DeFi, personal tokens are the equivalent of "progressive decentralization".
Often, someone with an existing/growing audience is intuitively easy to rally around.
In DeFi, community tokens is the equivalent of "fair launch".
Often, someone with an existing/growing audience is intuitively easy to rally around.
In DeFi, community tokens is the equivalent of "fair launch".
I love @MarkBeylin and people like Mark. They push us towards fairer ideals, oppose any form of greed that is alas so easily hard-codable on Ethereum.
Fair launch can work in social tokens: $MEME is a prime example of a great community token success.
Fair launch can work in social tokens: $MEME is a prime example of a great community token success.
Both community && personal tokens use social elements to get towards a community, hence "social" being the common denominator.
Do you want to start with a leader, like a creator or entrepreneur, or start on equal grounding with *anyone*, but a less obvious go-to-community path?
Do you want to start with a leader, like a creator or entrepreneur, or start on equal grounding with *anyone*, but a less obvious go-to-community path?
Also, just pushing back on personal enrichment for a se:.
Mark almost implied what sounds like unregistered securities which is punishable by law, not by tweets.
If your token isn't decentralized, it won't leverage composability and open-source community contributions (dumb)
Mark almost implied what sounds like unregistered securities which is punishable by law, not by tweets.
If your token isn't decentralized, it won't leverage composability and open-source community contributions (dumb)
$ALEX is getting more decentralized everyday. I now own less than 50% of all $ALEX, and any large market sell would be publicly frowned upon.
I usually give them to people who earned it, like my website designer @stormcloud266 @bighappytrees, @austingriffith / @Collab_Land_
I usually give them to people who earned it, like my website designer @stormcloud266 @bighappytrees, @austingriffith / @Collab_Land_
The future of $ALEX is another name. Make it bigger than an individual.
As a personal token figurehead, I'll make sure Mark is proud of how we will achieve community exits in the social tokens context, just like it happened this year with DeFi.
hint/ @seedclubhq @launch_house
As a personal token figurehead, I'll make sure Mark is proud of how we will achieve community exits in the social tokens context, just like it happened this year with DeFi.
hint/ @seedclubhq @launch_house
